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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

F-Secure

1.41 EUR0.00 %16.10, 17.29
3,249 following

FSECURE

NASDAQ Helsinki

IT Services

Technology

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
Compare
0.00 %
-28.48 %
-32.73 %
-17.20 %
-27.30 %
-13.64 %
-18.16 %
-
-47.93 %

F-Secure is a technology company. The company specializes in the area of cyber security. The range mainly includes various programs for security and privacy products, which are also used to manage risks online. Customers are found in a number of sectors and the largest operations are conducted in the Nordic market. The company was created via a spin-off from WithSecure.

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Market cap
245.7M EUR
Turnover
303.33K EUR
P/E (adj.) (26e)
9.2
EV/EBIT (adj.) (26e)
9.51
EV/S (26e)
2.43
Dividend yield-% (26e)
2.84 %
Coverage
Recommendation
Accumulate
Target price
1.70 EUR
Updated
06.10.2026
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 07.10.2026

Latest extensive report

Released: 07.10.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Yesterday, F-Secure announced quite an interesting new partnership with CUJO AI. company.f-secure.com F‑Secure and CUJO AI Join Forces to Equip World’s Largest Tier-1 CSPs with... Consumer cyber security leader F-Secure and CUJO AI, a global leader in cyber security, device, and ...
10/9/2026, 6:12 AM
by Atte Riikola
27
F-Secure did mention in connection with the Q2 results that Lookout’s old “legacy products” have seen weak revenue development, as the company’s investments have been focused on embedded security. I would guess that T-Mobile could be related to that. T-Mobile is not a Tier 1 partner...
10/1/2026, 7:22 AM
by Atte Riikola
24
I already had an almost finished version of this report a couple of weeks ago, but following the news that came out since then, the forecasts and valuation view unfortunately had to be dialed down. I still really feel bad for F-Secure, as without that loss of AT&T, this would have...
10/7/2026, 7:01 AM
by Atte Riikola
23
According to our understanding, AT&T intends to replace F-Secure’s solutions in its own cybersecurity product with lighter competitor solutions as well as its own in-house developed solutions. The report includes the comment above. For the entire investment case, it would be extremely...
10/7/2026, 8:12 AM
by Mikko
12
F-Secure itself already stated in that customer loss release that next year’s earnings will grow both in euros and relatively. You don’t need to be much of an analyst to see that, even after this surprising AT&T loss, the company was aiming for strong earnings growth for next year...
10/1/2026, 7:02 AM
by Atte Riikola
11
Atte has published an initiation/comprehensive report on F-Secure, which, like other comprehensive reports, is freely available for everyone to read. We reiterate our Accumulate recommendation for F-Secure, but lower our target price to EUR 1.7 (previously EUR 2.0) in line with our...
10/7/2026, 5:36 AM
by Sijoittaja-alokas
10
AI is good in cybersecurity, but on endpoints, the decision to block malware has to be made in milliseconds, there are huge volumes of events to analyze, and threats are constantly evolving. Currently, LLMs (in cybersecurity) are primarily used to find vulnerabilities and analyze...
10/13/2026, 5:36 AM
by Lord Foobar
6
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
28.10
2026

Interim report Q3'26

5.2
2027

Annual report '26

18.3
2027

General meeting '27

Press release14.10.2026, 08.00

F-Secure will publish its January–September 2026 Interim Report on 28 October 2026

F-Secure
F-Secure Extensive Report: Earnings growth intact despite a major setback
Extensive research07.10.2026, 08.36 by
Atte Riikola

F-Secure Extensive Report: Earnings growth intact despite a major setback

F-Secure still aims for earnings growth next year, relative to which the share valuation (2026e adj. P/E 9.4x) is low.

F-Secure
Regulatory press release06.10.2026, 15.00

The Board of Directors of F-Secure resolved on a directed share issue without consideration to the participants of the Employee Share Savings Plan

F-Secure

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F-Secure Oyj, Webcast, Q3'26
Webcast28.10.2026, 12.00

F-Secure Oyj, Webcast, Q3'26

F-Secure
F-Secure planlægger ændringer i driftsmodellen og store omkostningsbesparelser
Analyst Comment01.10.2026, 07.41 by
Atte Riikola

F-Secure planlægger ændringer i driftsmodellen og store omkostningsbesparelser

Selskabet stiler efter årlige bruttoomkostningsbesparelser på 13 MEUR.

F-Secure
Regulatory press release01.10.2026, 07.00

Inside information: F-Secure plans to renew its operating model to drive profitable growth and increased agility through AI-native ways of working

F-Secure
F-Secure: Betydeligt tilbageslag for Tier 1 -strategien efter den seneste fremgang
Analyst Comment30.09.2026, 06.00 by
Atte Riikola

F-Secure: Betydeligt tilbageslag for Tier 1 -strategien efter den seneste fremgang

Opsigelsen af aftalen med den største kunde ville skabe et hul på 16 MEUR i F-Secures omsætning på årsbasis.

F-Secure
Regulatory press release29.09.2026, 16.30

Inside information: F-Secure has received an indication that a Tier 1 partner intends not to extend its agreement after March 2027

F-Secure
Regulatory press release23.09.2026, 08.00

F-Secure Corporation's financial reporting and Annual General Meeting in 2027

F-Secure
Regulatory press release21.09.2026, 08.00

Change in the Leadership Team of F-Secure Corporation

F-Secure
Analyst Comment31.08.2026, 07.40 by
Atte Riikola

F-Secures refinansiering af låneportefølje sænker renteomkostningerne

Transaktionen forenkler selskabets kapitalstruktur og reducerer samtidig finansieringsomkostningerne.

F-Secure
Regulatory press release28.08.2026, 16.30

F-Secure completes refinancing of its loan portfolio through new EUR 147 million refinancing agreement

F-Secure
Regulatory press release21.07.2026, 09.15

F-Secure Corporation - Managers' transactions - Rodriguez

F-Secure
Regulatory press release21.07.2026, 09.15

F-Secure Corporation - Managers' transactions - Larcombe

F-Secure
Regulatory press release21.07.2026, 09.15

F-Secure Corporation - Managers' transactions - Laaksonen

F-Secure
Regulatory press release21.07.2026, 09.15

F-Secure Corporation - Managers' transactions - Lehto

F-Secure
F-Secure Q2'26: Væksten bør fremover også afspejles på bundlinjen
Research20.07.2026, 06.00 by
Atte Riikola

F-Secure Q2'26: Væksten bør fremover også afspejles på bundlinjen

Vi tror fortsat, at den accelererende vækst inden for indlejret sikkerhed vil begynde at understøtte selskabets indtjeningsvækst næste år.

F-Secure
F-Secure Oyj, Webcast, Q2'26
Webcast17.07.2026, 12.00

F-Secure Oyj, Webcast, Q2'26

F-Secure
F-Secure Q2'26 - hurtig kommentar: Vi var for optimistiske med hensyn til resultatudviklingen
Analyst Comment17.07.2026, 08.10 by
Atte Riikola

F-Secure Q2'26 - hurtig kommentar: Vi var for optimistiske med hensyn til resultatudviklingen

Omsætningen voksede i tråd med konsensusforventningerne, men rentabiliteten levede ikke op til forventningerne.

F-Secure
Regulatory press release17.07.2026, 07.00

F-Secure Half-year Report 1 January–30 June 2026: Strong growth in the Embedded Security business

F-Secure